Kanzhun Ltd ADR Up 3.36% To $15.51 After Earnings

Kanzhun Ltd (BZ) reported better than expected earnings this morning for Q3 2023.

Kanzhun Ltd ADR earnings per share (EPS) came in at of $0.22. Kanzhun Ltd ADR's earnings rose 83% year-over-year as the firm reported an EPS of $0.12 in its year-ago quarter. The positive annual growth shows the Industrials company is performing well amid recent economic conditions.

Revenues were upbeat at $220.2 million. That revenue figure is an increase of 32.91% from the year ago quarter.

The stock is up 3.36% to $15.51 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Kanzhun Ltd ADR has performed a little below average during the past few months. Before the report, Kanzhun Ltd ADR received a Long-Term Technical Rank by InvestorsObserver of 49, putting it in the bottom half of stocks. The firm set a 52-week low on May 31, 2023 at $13.13 and set a 52-week high on January 27, 2023 at $26.26.

Kanzhun Ltd runs an online recruitment platform called BOSS Zhipin. This platform mainly focuses on assisting the recruitment process between job seekers and employers for enterprises and corporations. The employers, mainly executives or middle-level managers of businesses, could participate directly in the recruiting process. It generates revenue by providing services to enterprise customers and job seekers to assist in the recruitment process over mobile apps and websites.